The dollar will tumble to levels last seen during the Covid-19 pandemic by the middle of next year, hit by interest rate cuts and slowing growth, according to predictions by Morgan Stanley.

US consumers hit the brakes in April while goods imports plummeted by a record as companies adjusted to higher tariffs.

Latest Bloomberg survey still suggests economy is shifting into a lower gear

Faster US inflation triggered by President Donald Trump’s tariffs wouldn’t necessarily spill over into the euro zone, according to European Central Bank Chief Economist Philip Lane.

Germany’s economy will stagnate this year, though a recovery is in sight thanks to plans to ramp up government spending, Chancellor Friedrich Merz’s independent panel of experts said.

Euro-area inflation will fall below the European Central Bank’s target next year because of fallout from US trade policies, according to the European Commission.

The euro-area economy expanded less than initially reported at the start of 2025, even before US tariffs that are expected to sap activity in the months ahead.

China’s widening trade surplus with the European Union is fueling fresh concerns that the 27-nation bloc risks becoming a dumping ground for cheap goods in the volatile tariff confrontation between Washington and Beijing.

We’ve built a dashboard to help you figure out if we’re headed for a downturn.

The consumer price index was expected to increase 0.2% in April for a 2.4% annual inflation rate.

Traders lowered their bets on the Federal Reserve’s interest-rate cuts this year, pricing in just two reductions for 2025 after the US and China agreed to cut tariffs and moderate their trade war.

China’s falling marriage rate is exacerbating a demographic crisis in the world's second-largest economy, as Beijing's pro-natalist policies fall flat.

The European Central Bank will lower borrowing costs more than previously expected this year to below 2% as inflation is seen undershooting the institution’s target in early 2026, according to economists surveyed by Bloomberg.

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China’s trade flows increased at the end of April, indicating the damage from US tariffs has yet to manifest in actual shipments even though the trade war is widely expected to eventually slow the world’s second-largest economy.

China reduced its policy rate and lowered the amount of cash lenders must keep in reserve, as Beijing ramps up efforts to help an economy caught in a second trade war with the US.

China has quietly started to exempt some US goods from tariffs that likely cover around $40 billion worth of imports, in what looks like an effort to soften the blow of the trade war on its own economy.

Euro-area inflation unexpectedly held steady and an underlying measure jumped in an awkward report for officials weighing how to respond to the economic hit from US tariffs.

Things are getting awkward for the Federal Reserve.

US job growth was robust in April and the unemployment rate held steady, suggesting uncertainty over President Donald Trump’s trade policy has yet to have a material impact on hiring plans.

Economists see a darkening outlook for the US economy but are sticking by projections for two interest-rate cuts from the Federal Reserve this year.

The US economy contracted at the start of the year for the first time since 2022 on a monumental pre-tariffs import surge and softer consumer spending, a first snapshot of the ripple effects from President Donald Trump’s trade policy.

Applications for US unemployment benefits jumped to the highest level since February during the week that followed Easter.

Traders are scooping up wagers tied to the European Central Bank’s interest-rate decision in September, moving on from bets on June when a quarter-point cut is seen as a foregone conclusion.

European Central Bank Governing Council member Olli Rehn said there’s a danger that inflation will dip below the 2% target due to the fallout from US trade levies, reiterating that this would be grounds to further lower interest rates.

President Donald Trump’s tariff onslaught has roiled Washington and Wall Street for nearly a month. If the trade war persists, the next upheaval will hit much closer to home.

Deutsche Bank AG is warning of a structural dollar downtrend in the coming years which will knock the US currency to its weakest level in more than a decade against the euro.

Deutsche Bank AG is warning of a structural dollar downtrend in the coming years which will knock the US currency to its weakest level in more than a decade against the euro.